Archive for the ‘Turmoil’ tag
Fed’s Evans Said U.S. Economy Faces Three-Front Battle
The downside risks to growth have recently risen and the economy is
expected to be “extremely sluggish” in 2008, according to one Fed
official on Friday.
Chicago Fed President Charles Evans (non-voter) said
the U.S. economy faces a triple-front threat as growth risks are on the
rise, inflation is “unsettingly high” and financial markets remain in
turmoil amidst depressed housing and auto markets.
TSY’s Paulson Says Stimulus Has Helped U.S. Economy
Speaking before the Exchequer Club of Washington, U.S. Treasury
Secretary Henry Paulson said the stimulus package has
supported the economy in the last year.
Paulson said market turmoil and energy prices have dragged on the
economy, while the labor market has softened…
Despite Market Turmoil, Mortgage Rates Remain Becalmed
According to Freddie Mac’s Primary Mortgage Market Survey for the week
ending July 10, there was little change in either short or long term
mortgage rates.
The Mortgage Bankers Association
released this week’s figures Wednesday morning. MBA’s Weekly
Mortgage Applications Survey for the week ended July 11
reported that…